OTCQX:DMMIF - Post by User
Comment by
JohnMcIntoshon Jan 16, 2020 10:05am
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Post# 30559953
RE:RE:RE:RE:RE:Don't be scared. No need to panic
RE:RE:RE:RE:RE:Don't be scared. No need to panicTwoscompany, since you claim that you are not ill-intentioned and you are not simply trying to scare people....
Could you please explain to me how exactly this dilution will happen?
For my point of view, I expect dilution to come yes but all Titan shareholders will be impacted. What you are implying is that the shareholders who are tendering won't be affected and only the dissenting ones will suffer. The only way that could happen is if Titan will make Core Gold issue New Core Gold shares to Titan in teh future at a price less than the implied value of "0.52".
That would be plain Minority Oppression and the board will have to face it in Court.
If you compare the two situations between staying a Core Gold mnnority shareholders or a Titan shareholders:
- Core Gold Minority shareholders stay well... 100% Core Gold shareholders. They didn't get diluted and as I explained before it will be hard to dilute them after having set a 0.52 cent threshold for the value of the shares.
- Ex-Core Gold/New Titan shareholders will get their interest in Core Gold dilute right after the conversion and will be the happy owners of all Titan's previous assets. So basically, they traded something like 45% of their interest in Core Gold assets for valueless Titan assets.
So please, tell me who is getting diluted "like never before"?